Scientific Energy Inc (SCGY) Financial Statements (2024 and earlier)

Company Profile

Business Address ROOM K, 9F, GOLDEN DRAGON CENTRE
MACAU, 00000
State of Incorp. UT
Fiscal Year End December 31
Industry (SIC) 6794 - Patent Owners and Lessors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3321,3662,6782,8964,7654,667
Cash and cash equivalents1,3321,3662,6782,8964,7654,667
Receivables2,0621,7122,5102,3992,4352,738
Inventory, net of allowances, customer advances and progress billings7180108149270369
Inventory7180108149270369
Prepaid expense549546637279367473
Deferred costs(900)(901)(870) (820)(791)
Intangible current assets1,0179931,0091,0401,1841,237
Other undisclosed current assets2,1531,9981,4919261,226850
Total current assets:6,2845,7947,5627,6899,4299,542
Noncurrent Assets
Property, plant and equipment657179849091
Intangible assets, net (including goodwill)72,68172,65772,67471,66572,84972,901
Goodwill71,66571,66571,66571,66571,66571,665
Intangible assets, net (excluding goodwill)1,0179931,009 1,1841,237
Prepaid expense351350353322483522
Other noncurrent assets339427516471520614
Other undisclosed noncurrent assets    1,040  
Total noncurrent assets:73,43673,50573,62073,58173,94274,128
TOTAL ASSETS:79,72079,29981,18381,27183,37183,670
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,3537,8119,5889,13210,5179,794
Accounts payable5,1525,2586,8056,3027,6456,324
Accrued liabilities2,2012,5542,7832,8292,8723,469
Debt8485061,493   
Due to related parties20202020
Other liabilities304334348285301392
Other undisclosed current liabilities2,5802,2881,9193,3263,3863,233
Total current liabilities:11,08510,93913,36712,76214,22413,439
Noncurrent Liabilities
Long-term debt and lease obligation676693717730812440
Long-term debt, excluding current maturities676693717730812440
Other undisclosed noncurrent liabilities3593168185220222
Total noncurrent liabilities:7107868859151,032662
Total liabilities:11,79511,72514,25213,67815,25614,101
Equity
Equity, attributable to parent68,07867,72967,09267,74368,24969,687
Common stock2,6332,6332,6332,6332,6332,633
Additional paid in capital78,46178,46178,46178,46178,46178,461
Accumulated other comprehensive income (loss)58213313(43)(120)
Accumulated deficit(13,074)(13,386)(14,035)(13,364)(12,802)(11,287)
Equity, attributable to noncontrolling interest(153)(154)(161)(149)(134)(117)
Total equity:67,92567,57566,93167,59368,11569,570
TOTAL LIABILITIES AND EQUITY:79,72079,29981,18381,27183,37183,670

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues9,6739,21811,04111,25011,69010,131
Cost of revenue(5,401)(5,288)(7,028)(7,638)(8,878)(7,358)
Gross profit:4,2723,9304,0133,6122,8132,772
Operating expenses(3,949)(3,265)(4,745)(4,180)(4,334)(3,794)
Operating income (loss):322664(732)(568)(1,522)(1,022)
Income (loss) from continuing operations before equity method investments, income taxes:322664(732)(568)(1,522)(1,022)
Other undisclosed income (loss) from continuing operations before income taxes(9)(9)50(10)(10)(9)
Income (loss) from continuing operations before income taxes:313656(682)(577)(1,532)(1,031)
Income tax expense   (0)  
Other undisclosed income from continuing operations   0   
Income (loss) from continuing operations:313656(682)(578)(1,532)(1,031)
Loss before gain (loss) on sale of properties:(578)(1,532)(1,031)
Net income (loss):313656(682)(578)(1,532)(1,031)
Net income (loss) attributable to noncontrolling interest(1)(7)11151713
Net income (loss) available to common stockholders, diluted:312649(671)(562)(1,515)(1,018)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):313656(682)(578)(1,532)(1,031)
Comprehensive income (loss):313656(682)(578)(1,532)(1,031)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(7)11151713
Comprehensive income (loss), net of tax, attributable to parent:312649(671)(562)(1,515)(1,018)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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